Editorial Commentary

The Capital of Self-Interest

Politicians are self interested, not altruistic.

IN THE WEALTH OF NATIONS , ADAM Smith put forth the revolutionary concept that the individual pursuit of self-interest promotes the good of society. By pursuing their own interests, individuals support the good of society more effectively than when they intend to promote social welfare.

"It is not from the benevolence of the butcher, the brewer, or the baker that we expect our dinner, but from their regard to their own...